Carter's, Inc. (NYSE:CRI) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 345.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 52,891 shares of the textile maker's stock after acquiring an additional 41,018 shares during the period. Quantinno Capital Management LP owned 0.15% of Carter's worth $2,866,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Venturi Wealth Management LLC raised its holdings in Carter's by 36.9% during the fourth quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker's stock worth $54,000 after buying an additional 268 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Carter's by 114.4% in the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock valued at $27,000 after purchasing an additional 270 shares during the last quarter. M&T Bank Corp raised its holdings in shares of Carter's by 7.2% in the fourth quarter. M&T Bank Corp now owns 4,073 shares of the textile maker's stock valued at $221,000 after purchasing an additional 272 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of Carter's by 7.1% in the fourth quarter. Hsbc Holdings PLC now owns 5,217 shares of the textile maker's stock valued at $279,000 after purchasing an additional 347 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of Carter's by 1.7% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 26,147 shares of the textile maker's stock valued at $1,417,000 after purchasing an additional 448 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CRI. Wells Fargo & Company increased their target price on shares of Carter's from $25.00 to $28.00 and gave the company an "underweight" rating in a report on Wednesday, May 14th. Citigroup dropped their target price on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Barclays started coverage on shares of Carter's in a report on Monday, April 28th. They set an "underweight" rating and a $25.00 target price on the stock. Finally, UBS Group cut their target price on shares of Carter's from $37.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Three analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to data from MarketBeat, Carter's presently has an average rating of "Reduce" and a consensus price target of $36.80.

Carter's Trading Down 3.0%

Shares of CRI traded down $0.98 during midday trading on Friday, hitting $31.38. The stock had a trading volume of 1,389,730 shares, compared to its average volume of 1,300,469. Carter's, Inc. has a 1 year low of $31.07 and a 1 year high of $71.99. The firm has a market cap of $1.14 billion, a PE ratio of 4.98, a price-to-earnings-growth ratio of 3.37 and a beta of 1.05. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The stock's 50 day moving average is $36.57 and its 200 day moving average is $46.32.

Carter's (NYSE:CRI - Get Free Report) last announced its earnings results on Friday, April 25th. The textile maker reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.13. Carter's had a net margin of 8.11% and a return on equity of 27.15%. The business had revenue of $291.09 million for the quarter, compared to the consensus estimate of $624.86 million. During the same quarter in the prior year, the firm posted $0.98 earnings per share. The business's revenue for the quarter was down 4.8% on a year-over-year basis. As a group, analysts forecast that Carter's, Inc. will post 5.15 EPS for the current fiscal year.

About Carter's

Carter's, Inc engages in the business of brand marketing of young children's apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.